Parastatals kill private sector growth
Wednesday, October 19, 2016
Tibone has stated that majority of these operations, known as parastatals, are unprofitable and depend on government for survival.
Tibone’s words cannot have come at the right time when BCL is on its knees facing closure, leaving thousands of people with no jobs and income.
Whilst celebrating milestones in inclusivity, with notably P5 billion awarded to vulnerable groups, the report sounds a 'siren' on a dangerous and growing trend: the ballooning use of micro-procurement. That this method, designed for small-scale, efficient purchases, now accounts for a staggering 25% (P8 billion) of total procurement value is not a sign of agility, but a 'red flag'. The PPRA’s warning is unequivocal and must be...